The primary US exchange-traded fund (ETF) holding spot XRP was supposed to begin buying and selling immediately. Sadly, a delay has pushed its debut again.
Misinformation a few supposed open for buying and selling of a Rex-Osprey spot ETF is rampant throughout Ripple and XRP social media.
Though most media reported immediately’s date as past the seventy fifth day of the Securities and Change Fee’s (SEC) commonplace evaluation interval for Rex-Osprey’s spot ETF utility, delays by the Paul Atkins-led fee have pushed the primary day of buying and selling into at the least subsequent week.
The earliest credible estimate as to the beginning of buying and selling for the Rex-Osprey spot XRP product is Thursday per one Bloomberg ETF analyst — though further delays are doable.
No ticker image, no approval but for spot XRP ETF
Neither Osprey Funds nor REX Shares have posted the brand new ticker image to social media, regardless of having a customized of doing so for different SEC-approved ETFs.
All different ETF sponsors for spot XRP ETFs have SEC resolution deadlines coming in October, together with Grayscale, 21Shares, Bitwise, WisdomTree, Franklin Templeton, and CoinShares.
REX-Osprey ETFs uniquely utilized for a spot ETF utilizing a registered funding firm (RIC) construction, which is distinct from a conventional spot crypto ETF.
In contrast to conventional spot ETFs, RICs retain the proper to purchase derivatives and put money into different ETFs throughout sure market circumstances. Conventional spot ETFs could solely personal the spot asset and nothing else.
On April 8, 2025, Teucrium efficiently listed a 2X leveraged XRP ETF (XXRP). Though it was not a spot ETF, it was the primary ETF to start buying and selling within the US whose value solely trusted the value of XRP.
